In 2007, 25 banks failed and needed to be bailed out. The damage totaled 526 BILLION DOLLARS, over a 12-month period. But today’s bank crisis isn’t too far behind. In this clip, Glenn shares today’s banking crisis numbers that seem to be SCARILY similar to 2007, before the 2008 crisis hit. What do these numbers mean, how is the Federal Reserve to blame, and what’s coming next for America’s economic outlook? Glenn discusses it all in this clip…
Why One Survival Food Company Shines Above the Rest
Let’s be real. “Prepper Food” or “Survival Food” is generally awful. The vast majority of companies that push their cans, bags, or buckets desperately hope that their customers never try them and stick them in the closet or pantry instead. Why? Because if the first time they try them is after the crap hits the fan, they’ll be too shaken to call and complain about the quality.
It’s true. Most long-term storage food is made with the cheapest possible ingredients with limited taste and even less nutritional value. This is why they tout calories so much. Sure, they provide calories but does anyone really want to go into the apocalypse with food their family can’t stand?
This is what prompted the Llewellyns to launch Heaven’s Harvest. They bought survival food from multiple companies and determined they couldn’t imagine being stuck in an extended emergency with such low-quality food. They quickly discovered that freeze drying food for long-term storage doesn’t have to mean sacrificing flavor, consistency, or nutrition.
Their ingredients are all-American. In fact, they’re locally sourced and all-natural! This allows their products to be the highest quality on the market, so good that their customers often break open a bag in a pinch to eat because they want to, not just because they have to due to an emergency.
At Heaven’s Harvest, their only focus is amazing food. They don’t sell bugout bags, solar chargers, or multitools. They have one mission – feeding Americans in times of crisis.
What they DO offer is the ability for people to thrive in times of greatest need. On top of long-term storage food, they offer seeds to help Americans for the truly long-term. They want them to grow their own food if possible which is why they offer only Heirloom, Non-GMO, Non-Hybrid, Open-Pollinated seeds so their customers can build permanent food security on their own property.
Todays banking crisis is not at all similar to that of 2008. Then you had hundreds of billions or trillions of mortgage loans, where repayment stopped because house prices went below the mortgage balance.
Today banks are in trouble because their DEPOSIT base is walking because there is a large spread between what the bank pays on deposits and what the US Treasury is paying on short dated paper. This forces them to sell their RISK FREE US Treasuries they hold as reserves, at a LOSS. On risk free securities.
This is all because inflation has driven rates 500 basis points higher in a little over a year.
And that is because of massive government spending directly into the real economy as a result of the planned demolition of society starting with the US Sponsored, man-made COVID virus. A tsunami in a pond, which will continue to throw tsunamis for at least a generation
Add to that that COVID and no more working downtown and rising crime is going to cause MANY lease renewals in downtown areas to not be renewed, and there you WILL have loan defaults, but the lease renewal process takes years to play out
So this is much more like the S&L Crisis of the late 1980s and early 1990s which killed off roughly a third of the S&L “banks”